Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.41B |
| 2 |
Apple
AAPL
|
+$949M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$788M |
| 4 |
Microsoft
MSFT
|
+$654M |
| 5 |
Broadcom
AVGO
|
+$568M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$1.26B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$702M |
| 3 |
Tesla
TSLA
|
+$694M |
| 4 |
Micron Technology
MU
|
+$601M |
| 5 |
Strategy Inc
MSTR
|
+$512M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.97% |
| 2 | Financials | 0.89% |
| 3 | Consumer Discretionary | 0.83% |
| 4 | Healthcare | 0.75% |
| 5 | Communication Services | 0.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $32.5B | 4.9% |
55,439,600
+24,249,700
| +78% | +$14.3B |
|
2
CALL
NVIDIA
NVDA
$5.2T
| $28B | 4.23% |
208,839,900
+14,512,600
| +7% | +$2B |
|
|
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $24B | 3.62% |
40,971,700
+6,061,000
| +17% | +$3.57B |
|
|
4
CALL
Tesla
TSLA
$1.43T
| $22B | 3.32% |
54,531,700
+9,516,800
| +21% | +$3.06B |
|
|
5
PUT
Tesla
TSLA
$1.43T
| $17.6B | 2.66% |
43,597,900
+13,311,600
| +44% | +$4.28B |
|
|
6
PUT
NVIDIA
NVDA
$5.2T
| $17.5B | 2.64% |
130,270,000
-21,316,100
| -14% | -$2.94B |
|
|
7
CALL
Invesco QQQ Trust
QQQ
$486B
| $13.1B | 1.97% |
25,556,900
+1,589,200
| +7% | +$804M |
|
|
8
PUT
Invesco QQQ Trust
QQQ
$486B
| $11.2B | 1.69% |
21,946,100
+1,599,200
| +8% | +$809M |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $10B | 1.52% |
17,132,926
-1,190,936
| -6% | -$702M |
|
|
10
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $9.89B | 1.49% |
44,757,900
+11,806,400
| +36% | +$2.69B |
|
|
11
CALL
Apple
AAPL
$4.51T
| $9.51B | 1.44% |
37,979,100
-5,710,400
| -13% | -$1.35B |
|
|
12
CALL
Microsoft
MSFT
$3.59T
| $8.45B | 1.28% |
20,055,100
+1,570,200
| +8% | +$669M |
|
13
CALL
Meta Platforms (Facebook)
META
$1.4T
| $8.18B | 1.23% |
13,972,400
+1,730,700
| +14% | +$1.02B |
|
|
14
PUT
Meta Platforms (Facebook)
META
$1.4T
| $6.53B | 0.98% |
11,147,600
-409,900
| -4% | -$241M |
|
|
15
PUT
Apple
AAPL
$4.51T
| $6.51B | 0.98% |
26,009,100
+2,916,600
| +13% | +$687M |
|
16
CALL
Amazon
AMZN
$2.79T
| $6.47B | 0.98% |
29,504,700
+6,184,800
| +27% | +$1.27B |
|
|
17
PUT
Microsoft
MSFT
$3.59T
| $6.15B | 0.93% |
14,593,100
-2,786,100
| -16% | -$1.19B |
|
|
18
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $5.63B | 0.85% |
25,457,900
-6,388,400
| -20% | -$1.46B |
|
|
19
PUT
Strategy Inc
MSTR
$47.4B
| $4.88B | 0.74% |
16,855,800
+7,265,100
| +76% | +$2.19B |
|
|
20
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $4.41B | 0.67% |
50,492,000
+24,062,100
| +91% | +$2.21B |
|
|
21
CALL
Broadcom
AVGO
$1.75T
| $4.31B | 0.65% |
18,577,100
-2,595,900
| -12% | -$480M |
|
22
PUT
Netflix
NFLX
$331B
| $4.3B | 0.65% |
48,199,000
+7,486,000
| +18% | +$616M |
|
|
23
PUT
Broadcom
AVGO
$1.75T
| $4.29B | 0.65% |
18,492,900
+2,264,100
| +14% | +$419M |
|
|
24
PUT
Amazon
AMZN
$2.79T
| $3.95B | 0.6% |
17,988,100
-3,042,800
| -14% | -$623M |
|
25
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.52B | 0.53% |
18,598,600
+5,471,100
| +42% | +$957M |
|
Similar funds
Jeff Yass's Q4 2024 Portfolio in Review
As of Q4 2024, Jeff Yass held 13,659 positions worth $663B, up 16% from $572B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass deployed $61.2B of net new capital in Q4 2024, opening 1,863 new positions and adding to 5,386 existing holdings. Its largest new stake was State Street SPDR S&P 400 Mid Cap Value ETF: 1,000,000 shares worth $80.2M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.8% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares 20+ Year Treasury Bond ETF, an estimated $1.26B trimmed.
- Jeff Yass's largest Q4 2024 buy was State Street SPDR S&P 400 Mid Cap Value ETF: 1,000,000 shares worth $80.2M.
- Jeff Yass added most to Invesco QQQ Trust in Q4 2024, an estimated $1.41B increase.
- Jeff Yass's biggest Q4 2024 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $1.26B.
- Jeff Yass fully exited NextEra Energy 7.299% Corporate Units in Q4 2024, selling an estimated $112M.
- Jeff Yass's ten largest holdings make up 28% of its $663B portfolio in Q4 2024.
- Jeff Yass opened 1,863 new positions and closed 1,590 in Q4 2024.
- Jeff Yass's portfolio value rose 16% quarter-over-quarter to $663B.
Based on Susquehanna International Group's 13F filing for Q4 2024, filed 14 Feb 2025.